ForeScout Technologies, Inc. (NASDAQ:FSCT) Q3 2019 Earnings Conference Call - Final Transcript

Nov 06, 2019 • 04:30 pm ET

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ForeScout Technologies, Inc. (NASDAQ:FSCT) Q3 2019 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Good afternoon, ladies and gentlemen, and welcome to the Q3 2019 ForeScout Technologies Earnings Conference Call. [Operator Instructions]. Later, we will conduct a question-and-answer session and instructions will follow at that time. [Operator Instructions] As a reminder, this conference call is being recorded.

I would now like to turn the conference over to your host, Ms. Michelle Spolver, Chief Communications Officer. Please go ahead.

Executive
Michelle Spolver

Thank you, Sarah, and thank you all for joining us on today's conference call to discuss our financial results for the third quarter of 2019 and provide guidance for the fourth quarter and full year 2019. This call is being broadcast live over the Internet and can be accessed from the Investor Relations section of our website at www.investors.forescout.com.

A few minutes ago, we issued a press release announcing our financial results for the third quarter of 2019 as well as guidance for the fourth quarter and full year 2019. The release can be found on our Investor Relations website, along with supplemental financial information that accompanies today's remarks.

Before we begin, let me remind you that we will make forward-looking statements during this call, including statements relating to the guidance and expectations for the fourth quarter and full year 2019, the market for our products, our competitive position, the use of our products by our customers, changes in the threat landscape and the security industry, the ramping and success of our sales organization and our growth profitability and the impact of the security matters and Dojo acquisitions on our market and company.

These forward-looking statements involve risks and uncertainties, some of which are beyond our control, which could cause actual results to differ materially from those anticipated by these statements. These forward-looking statements apply only as of today, and we undertake no obligation to update these statements in the future. For a detailed description of risks and uncertainties, please refer to our SEC filings as well as our earnings release. Copies of these documents may be obtained from the SEC or by visiting the Investor Relations section of our website.

Additionally, certain non-GAAP financial measures will be discussed on this call. We have provided reconciliations of these non-GAAP financial measures against the most directly comparable GAAP financial measures in the Investor Relations section of our website as well as in our earnings release.

Before I turn the call over to Mike, I'd like to mention that this quarter, we'll be presenting at the Credit Suisse Technology Conference in Scottsdale on December 2, the Nasdaq Investor Conference in London on December 4, and the UBS Technology Conference on December 10 in New York City.

And now let me hand things over to Mike to discuss our business and provide a review of our third quarter performance.

Executive
Michael P. DeCesare

Thanks, Michelle, and thanks to everyone for joining us on the call today to discuss our third quarter 2019 results. Third quarter revenue came in at $91.6 million at the high end of the range that we pre-announced in October, but